Title says what we wish to do. We now have two children below 2 and we wish to begin a Roth IRA for them. I’m conscious that they want a W2 in an effort to contribute so I’m on the lookout for opinions and ideas on how we will obtain that.
My Father in legislation owns a skincare firm and what I used to be pondering was to have him rent our kids as fashions to position photos on them on the advertising supplies. He would pay them $6k every for his or her service which might set off a W2 after which we’d simply put that cash right into a Roth IRA. Good thought, unhealthy thought, I’m an fool? What are your ideas?
